Economy
Slovenia
Despite a lacklustre recovery and expectations for global demand growth to turn downwards again in H210, we maintain that another period of deflation is unlikely in Slovenia. We hold...
2010-08-27Slovenia
Slovenian unemployment stayed flat at 10.5% according to latest data for June, reinforcing our view that the economic recovery will be protracted. Indeed, while Slovenia hit the trough...
2010-08-27Macedonia
The budget deficit reached EUR111mn (1.3% of GDP) through to the end of July, according to latest preliminary data. The monthly budget showed a small surplus (EUR13mn) in July, but...
2010-08-26Macedonia
The current account deficit fell sharply in the first five months of 2010, due to weak import growth and surging remittances. We target a shortfall of 5% of GDP in 2010, falling slightly...
2010-08-26Turkey
The robust rate of economic activity in Turkey witnessed during the first half of the year appears to be spilling over into H210, as leading indicators suggest a continued narrowing...
2010-08-24Turkey
With leading indicators pointing towards another strong performance for the Turkish economy in H210, we have revised up our 2010 real GDP growth forecast to 6.3% from 4.7% previously....
2010-08-05Turkey
Turkish industrial production (IP) grew 15.6% year-on-year (y-o-y) in May, slightly lower than the 17.0% seen in the preceding month as lower base effects begin to unwind. Nevertheless,...
2010-07-27Macedonia
Industrial production fell by 0.4% y-o-y in May, according to latest data from the statistical office. Manufacturing activity - which was hit hard by the economic downturn - fell by...
2010-07-27
